Retail Supply Trader - job 1 of 2
COMPANY OVERVIEW
174 Power Global, headquartered in Irvine, California, is an affiliate company of Hanwha Group, a FORTUNE Global 500 firm that is among the eight largest business enterprises in South Korea. 174 Power Global designs, builds and manages solar power plant solutions. The company brings a decade of global leadership in solar PV to North America, combining best-of-world technology, processes, and partnerships to deliver utility-grade solar PV solutions customized for local energy markets. 174 Power Global offers the full spectrum of PV solutions – from power plant development, design, construction, operations, and maintenance. With proven capabilities across the solar value chain, 174 Power Global minimizes uncertainty and risk, and helps customers achieve a higher return on their investment in solar energy.
174 Power Global has recently embarked to enter the energy retail market in deregulated markets throughout North America. Chariot Energy is a retail energy provider based in Houston, Texas. We offer electricity to homes and businesses, and it is our goal to provide products and services our customers love and an unmatched experience that is missing in today’s retail energy market.
174 Power Global has set out to have Chariot Energy become one of the leading energy retail providers (by RCE count) within 5-years of Chariot Energy’s launch.
POSITION OVERVIEW
We are seeking an experienced Retail Supply Trader who is independent, results-oriented, self-motivated and wants to be part of a dynamic organization. The ideal candidate will have experience in the deregulated retail electricity space with a strong focus on Retail Supply Trading.
This position is in Houston, and the ideal candidate will be within commutable distance to the Houston office location. The position will be located out of the Chariot Energy Houston office.
- As part of the wholesale desk enabling the growth of Chariot/174PG’s business, this role will be responsible for all retail supply management activities in ERCOT power market,
- The activities include bilateral purchases and sales, ISO bidding and scheduling, congestion management and asset optimization across Chariot/174PG’s load and generation assets,
- Responsible for managing the shape/swing risk of the retail load portfolio and optimizing the embedded optionality of residential solar and storage assets,
- Maintain all the relevant wholesale and retail price curves including implied hourly scalers and scarcity premiums,
- Expand supplier and broker relationships to maximize the market coverage and trading liquidity,
- Ensure compliance of all approved risk limits with close monitoring of position and mark-to-market reports
- Help explain supply related drivers impacting forward and settled retail gross margins,
- Serves as the company's primary interface to the ERCOT power market to provide expert market information and track market/regulatory changes,
- Work closely with technology team to develop and maintain all the analytical and operational tools required for effective trading and decision making.
- 5+ years of related trading work experience in Energy industry, specifically ERCOT
- Targeted ISO experience and knowledge of fundamental grid.
- Demonstrated proficiency in the dynamics of wholesale electricity markets.
- Experience with ETRM systems.
- Demonstrate strong knowledge of power fundamentals and market rules/structure
- Strong aptitude for problem solving and multitasking.
- Self-motivated and ability to work in a collaborative environment where teamwork and independent work ethic is essential.
- Deadline-oriented with an ability to prioritize tasks.
- Comfortable working in a fast-moving dynamic environment.
- Strong proficiency in Microsoft Office Suite Apps: Excel, Access, PowerPoint.
- Eligible to work in the USA for any employer without sponsorship.
Attention external recruitment firms, we will not accept any unsolicited resumes at this time. Please do not contact any internal member of our company to discuss the position or to solicit candidates.
174 Power Global d/b/a Chariot Energy, provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, national origin, age, disability, or genetics. www.mychariotenergy.com
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Join 174 Power Global as a Retail Supply Trader in Houston, TX, where you'll be part of an innovative and fast-paced energy retail provider, Chariot Energy. In this role, you'll manage all retail supply activities in the ERCOT power market, engaging with crucial tasks like bilateral purchases, ISO bidding, and optimization of assets. Your experience in the deregulated electricity sector will be key as you help shape Chariot Energy into a leading provider within five years of our launch. Your responsibilities will also include developing supplier relationships to enhance market coverage and ensuring compliance with risk limits. We’re looking for a team player who is self-motivated and can make effective decisions using analytical tools. If you have over five years of related trading experience and are proficient in Microsoft Office, this is your chance to be at the forefront of the energy transition and join a dynamic organization that values expertise and growth.
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174 Power Global is the leading solar energy company that is an affiliate company of Hanwha Group. They work closely with landowners, local communities, investors to build highly productive, utility scale solar power plants throughout North America.
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